Exam (elaborations)
LAW OF CONTRACTS - CHAMPIONS TEST WITH COMPLETE SOLUTIONS
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LAW OF CONTRACTS - CHAMPIONS TEST WITH COMPLETE SOLUTIONS
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LAW OF CONTRACTS - CHAMPIONSTEST WITH COMPLETE SOLUTIONS
The bTREC bresidential bcontract bforms bare: b- b bcorrect banswer- bDrafted bby bthe bBroker bLawyer
bCommittee
Wrongful bor bcriminal bdeception bintended bto bresult bin bfinancial bor bpersonal bgain bis bcalled: b- b
bcorrect banswer- bfraud
Under bthe bDeceptive bTrade bPractices bAct, b__________ bare bdefined bas btangible bchattels. b- b
bcorrect banswer- bgoods
If ba bseller bwill bcontinue bto boccupy bthe bproperty bfor bone bmonth bafter bthe bclosing, bthe bbuyer
band bseller bshould: b- b bcorrect banswer- bEnter binto ba bSeller's bTemporary bResidential bLease
The bBuyer band bSeller bTemporary bResidential bLease bforms bmay bbe bused bfor ba blease bperiod bnot
bto bexceed: b- b bcorrect banswer- b90 bdays
,A bseller's bdisclosure bnotice bis bnot brequired b- b bcorrect banswer- bat ba bforeclosure bsale
The btype bof blaw bthat bdeals bwith bthe brelationship bbetween bthe bparties bto ba btransaction, bsales
bagents band bbrokers bis: b- b bcorrect banswer- bLaw bof bAgency
__________ bis bthe bbody bof blaws band bregulations benacted bby bfederal band bstate blegislative
bbodies. b- b bcorrect banswer- bStatutory bLaw
__________ bextend babove bthe bsurface bwithout blimitation. b- b bcorrect banswer- bAir bRights
Any bman-made baddition bto bland bthat bis bpermanent, band bis bconsidered bto bbecome bpart bof bthe
bland bis bknown bas ba(n) b__________. b- b bcorrect banswer- bImprovement
A(n) b__________ bis ban bentity bcreated bfor bthe bbenefit bof banother. b- b bcorrect banswer- bTrust
An boption bcontract bis: b- b bcorrect banswer- bUnilateral bcontract
__________ bis bnot ba brequirement bof ba bvalid bcontract. b- b bcorrect banswer- bEarnest bMoney
If ba bperson bhas bbeen bjudged bto bbe bincompetent, ba bcontract bis b__________ bbecause bthe
bperson bnever bhad bthe bcapacity bto benter binto ba bcontract bin bthe bfirst bplace. b- b bcorrect banswer-
bvoid
The bfive bessential belements bof ba bvalid band benforceable bcontract bare, bConsideration, bOffer band
bAcceptance, bLegal bpurpose, bIn bwriting band b__________. b- b bcorrect banswer- bcompetent bparties
, A(n) b__________ bis ban bagreement bbetween btwo bor bmore bparties bto bdo bsomething bor bto
brefrain bfrom bdoing bsomething. b- b bcorrect banswer- bcontract
When ban bindividual bowns breal bproperty, bhe bor bshe bis bsaid bto bhave ba b(n) b__________ bin bthat
bproperty. b- b bcorrect banswer- bfreehold bestate
If bproperty bviolates bzoning, bthe bowners bmust brequest ba b__________, bwhich bis bpermission bto
bviolate bthe brules. b- b bcorrect banswer- bvariance
An bexample(s) bof ban bappurtenance bwould bbe: b- b bcorrect banswer- beasements
There bis bno bupper blimit bon bthe bvalue bof ba bTexas bhomestead. b- b bcorrect banswer- btrue
A(n) b__________ bis ban barea bof bland bseparating bone bland buse bfrom banother. b- b bcorrect banswer-
bbuffer bzone
The bFrench bterm b__________ bmeans ba blife bestate bthat bis bbased bon bthe blife bof banother. b- b
bcorrect banswer- bpur bautre bvie
In ba bresidential blease bwith ba b"right bof bfirst brefusal" bprovision: b- b bcorrect banswer- bThe btenant
bhas bthe bright bto bmatch bor bbetter bany boffer bthe blandlord breceives bto bprevent bthe bproperty
bfrom bbeing bsold bto bsomeone belse
A b__________ bis ban bemployment bagreement bbetween bthe bseller band bthe bbroker. b- b bcorrect
banswer- blisting bagreement
A(n) b__________ bis bone bthat bcombines bsome bof bthe belements bof ba bsale bwith ba blease. b- b
bcorrect banswer- blease bpurchase bagreement
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